Implementing knowledge life cycle in the body of project life cycle by using knowledge management system (KLC in PLC)

Abstract

As project managers fail to properly apply knowledge management in projects, firms lose a great deal of knowledge, experiences and lessons learned during projects. This occurs due to the complex nature of the today's projects, high costs and time limitation. To overcome this defect, recently, researchers tried to link knowledge management (KM) practices with those of project management (PM). One way to establish this linkage is to integrate KM and PM processes. Based on theoretical grounds on knowledge management and project management literature, this study introduces a method to implement knowledge management practices, along with project management ones. Using knowledge life cycle phases, we re-define standard project management phases, so that the two processes can be simultaneously and efficiently done.